CUET UG 2023 Economics Question Paper (01-Jun-2023) (Shift 1)

Question 1

Decrease in value of domestic currency to foreign currency in fixed exchange rate system is called:

Accepted Answer

Devaluation

Answer

Depreciation

Answer

Appreciation

Answer

Revaluation

Question 2

Arrange the following in chronological sequence: (A) Economic reforms in India (B) Green revolution in India (C) Economic crisis relating to India’s external debt (D) Independence of India

Accepted Answer

(D), (B), (C), (A)

Answer

(B), (D), (A), (C)

Answer

(B), (D), (C), (A)

Answer

(D), (B), (A), (C)

Question 3

Match List-I with List-II:List-IList-II(A) Marginal Propensity to Save(I) ΔY(B) Average Propensity to Consume(II) ΔS / ΔY(C) Value of Investment Multiplier(III) 1 – APS(D) Marginal Propensity to Consume(IV) ΔC / ΔY

Accepted Answer

(A)-(III), (B)-(II), (C)-(I), (D)-(IV)

Answer

(A)-(II), (B)-(III), (C)-(IV), (D)-(I)

Answer

(A)-(III), (B)-(I), (C)-(IV), (D)-(II)

Answer

(A)-(IV), (B)-(II), (C)-(III), (D)-(I)

Question 4

Arrange the following steps of calculating National Income by value added method in the proper sequence.

(A) Calculate Gross value of output

(B) Calculate Gross value added

(C) Calculate value of output in Primary, Secondary, and Tertiary sector

(D) Calculate National Income

Accepted Answer

(C), (A), (B), (D)

Answer

(A), (B), (C), (D)

Answer

(B), (A), (C), (D)

Answer

(B), (A), (D)

Question 5

Identify the correct statement from the following:

(A) IPR-1956 divided industries into four categories.

(B) Underutilization of capacity results in industrial backwardness.

(C) India opted for a mixed economy system.

(D) Industrial policy of 1956 laid emphasis on the role of the private sector.

Accepted Answer

(B) and (C) Only

Answer

(A) and (B) Only

Answer

(C) Only

Answer

(D) Only

CUET UG 2023 Economics Question Paper (01-Jun-2023) (Shift 1)

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List-I	List-II
(A) Marginal Propensity to Save	(I) ΔY
(B) Average Propensity to Consume	(II) ΔS / ΔY
(C) Value of Investment Multiplier	(III) 1 – APS
(D) Marginal Propensity to Consume	(IV) ΔC / ΔY